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CollPlant Biotechnologies (CLGN) Stock News, Apr-Nov 2023

CLGN NASDAQ

CollPlant Biotechnologies Ltd. develops regenerative and aesthetic medicine technologies based on plant-derived recombinant human collagen, or rhCollagen. News about CLGN centers on its BioInk and 3D bioprinting portfolio, including Collink.3D and BioFlex, as well as medical aesthetics programs such as photocurable dermal filler technology and tissue-regeneration applications.

Company updates also cover operating and financial results, distribution expansion for rhCollagen and BioInk products, Vergenix STR commercialization, intellectual-property activity, collaboration developments, capital actions and Nasdaq listing-compliance matters.

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Stratasys (SSYS) and CollPlant (CLGN) have announced a joint development and commercialization agreement to focus on bioprinting solutions for regenerative breast implants, targeting a $2.6 billion market opportunity. Utilizing Stratasys' P3 technology and CollPlant's rhCollagen-based bioinks, the partnership aims to produce implants designed to regenerate natural tissue with minimal immune response. The collaboration will also explore the future innovation of additional human tissues and organs. Both companies will cross-promote each other's products to enhance market penetration and capitalize on their respective expertise.

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FAQ

What is the current stock price of CollPlant Biotechnologies (CLGN)?

CollPlant Biotechnologies (CLGN) last closed at $4.14.

What is the market cap of CollPlant Biotechnologies (CLGN)?

The market cap of CollPlant Biotechnologies (CLGN) is approximately $7.8M.